D-ELEMENTS

Open bankruptcy

Private limited companyfounded 2020Sterrebeeklaan 68, 3080 Tervuren, BelgiumKBO/BCE: BE 0744.712.748

A bankruptcy procedure is open for D-ELEMENTS according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-593k) and a net result of €-671k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-593k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

54 d late

2023

49 d late

2022

61 d late

2021

60 d late

2020

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-671k

2023 · €9k

2020: €11k 2021: €20k 2022: €35k 2023: €9k

2020 → 2024

Working capital

€-765k▼ 751%

2023 · €-90k

2020: €-60k 2021: €-72k 2022: €-63k 2023: €-90k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€14k-€34k▲ 148%€69k▲ 104%€78k▲ 12.6%€-593k

Operating result€22k-€31k▲ 40.3%€58k▲ 89.4%€7k▼ 87.5%€-490k

Net result€11k-€20k▲ 80.8%€35k▲ 75.2%€9k▼ 75.4%€-671k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €490k after €7k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.16M

19.8%

80.2%

Fixed assets €229k▼ 17.5%

Current assets €927k▼ 58.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-441k▼

2023 · €56k

Cash flow

€-622k▼

2023 · €58k

Solvency

-51.3%▼

2023 · 3.1%

Current ratio

0.55▼

2023 · 0.96

Quick ratio

0.55▼

2023 · 0.94

Debt / equity

-2.95▼

2023 · 31.54

ROA

-58.0%▼

2023 · 0.3%

Interest coverage

-59.58▼

2023 · 5.35

Debt

€1.75M▼

2023 · €2.45M

Debt ≤ 1 year

€1.69M▼

2023 · €2.34M

Debt > 1 year

€57k▼

2023 · €110k

Income taxes

€175k▲

2023 · €-10k

Staff costs

€108k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.53M€1.16M▼

Fixed assets21/28€278k€229k▼

Intangible fixed assets21€36k€30k▼

Tangible fixed assets22/27€242k€199k▼

Plant, machinery and equipment23€1k€638▼

Furniture and vehicles24€7k€4k▼

Other tangible fixed assets26€233k€194k▼

Current assets29/58€2.25M€927k▼

Amounts receivable after more than one year29€77k€63k▼

Other amounts receivable291€77k€63k▼

Stocks and contracts in progress3€61k-

Stocks30/36€61k-

Amounts receivable within one year40/41€2.08M€864k▼

Trade receivables40€1.94M€689k▼

Other amounts receivable41€140k€175k▲

Cash at bank and in hand54/58€36k€45▼

Deferred charges and accrued income490/1€2k€844▼

Equity and liabilities

Total equity and liabilities10/49€2.53M€1.16M▼

Equity10/15€78k€-593k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€75k€-596k▼

Amounts payable17/49€2.45M€1.75M▼

Amounts payable after more than one year17€110k€57k▼

Financial debts170/4€110k€57k▼

Amounts payable within one year42/48€2.34M€1.69M▼

Current portion of amounts payable after more than one year42€81k€53k▼

Financial debts43-€13k

Credit institutions430/8-€13k

Trade debts44€1.77M€1.33M▼

Suppliers440/4€1.77M€1.33M▼

Advances received on contracts in progress46€488k€150k▼

Taxes, remuneration and social security45€3k€138k▲

Taxes450/3€3k€100k▲

Remuneration and social security454/9€149€37k▲

Other amounts payable47/48€312€6k▲

Income statement Code20232024

Remuneration, social security and pensions62-€108k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€49k▼

Other operating charges640/8€920€3k▲

Gross operating margin9900€57k€-330k▼

Operating profit (loss)9901€7k€-490k▼

Financial income75/76B€2k€1k▼

Recurring financial income75€2k€1k▼

Financial charges65/66B€11k€7k▼

Recurring financial charges65€11k€7k▼

Profit (loss) for the period before taxes9903€-941€-496k▼

Income taxes67/77€-10k€175k▲

Profit (loss) for the period9904€9k€-671k▼

Profit (loss) for the period to be appropriated9905€9k€-671k▼

Appropriation of the result

Profit (loss) to be appropriated9906€75k€-596k▼

Profit (loss) brought forward from the previous period14P€67k€75k▲

Social balance

Average headcount (FTE)9087-4.0

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Signals 1Financial 2Filings 5

2026

28-01

Bankruptcy Opening

Ondernemingsrechtbank Leuven · D-ELEMENTS BV STERREBEEK- LAAN 68, 3080 TERVUREN · event 22-01-2026

2025

23-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 54 days late

2024

31-12

Financial Weakest financial yearnet €-671k ▼7834%

Net result drops to €-671k, the lowest in the series.

18-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 49 days late

2023

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

2022

31-12

Financial Highest result since 2020net €35k ▲75.2%

Operating result €58k, net result €35k, both a record.

29-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 60 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Tervuren · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Sterrebeeklaan 683080 Tervuren

Ground area

8,012 m²

Building footprint

2,381 m²

Volume, LiDAR

21,945 m³

2 parcels, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

D-ELEMENTS

Leuvensesteenweg 323A, 1932 ZaventemRetail trade

since 20202.301.327.968

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23078A0288/00D000	Flanders	5,933 m²	1 · 1,962 m²	14.6 m · 3 fl.
24104B0030/00V000	Flanders	2,079 m²	1 · 419 m²	14.5 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	JACQUES ARNAUTS-SMEETS HERSELTSE- STEENWEG 5, 3200 AARSCHOT	22-01-2026 → present
Curator	GUNTHER PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT- ↔ Also on 259 other cases	22-01-2026 → present